BHG Raises Follow-on

BHG Raises Follow-on

Brazil Equity

Brazil Hospitality Group (BHG) has priced a BRL378m ($187m) equity follow-on, conceding a 3.9% discount in an oversubscribed deal. The demand had been in place heading into Thursday’s pricing, with the only real variable the issuer’s satisfaction with the price level it could get amid the recent market volatility, according to people following the sale. The hotel operator is selling 21.6m primary shares, including a 15% greenshoe, at BRL17.50 each, according to the CVM. The price came versus a B

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